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2. Mortgage note: What is it and how does it work? - AOL

   www.aol.com/finance/mortgage-note-does-211132255...

   A mortgage note represents a home loan for a given borrower. The note is a security instrument that allows the loan to be grouped with other mortgages after closing and sold to investors.

3. Mortgage note - Wikipedia

   en.wikipedia.org/wiki/Mortgage_note

   In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.

4. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

5. Mortgagor vs. mortgagee: What’s the difference? - AOL

   www.aol.com/finance/mortgagor-vs-mortgagee...

   Mortgage note: The security instrument for a mortgage. Mortgage underwriting: The process in which a mortgage lender evaluates a borrower’s ability to repay a mortgage loan.

6. Unpaid principal balance - Wikipedia

   en.wikipedia.org/wiki/Unpaid_principal_balance

   Unpaid principal balance (UPB) is the portion of a loan (e.g. a mortgage loan) at a certain point in time that has not yet been remitted to the lender. [1]For a typical consumer loan such as a home mortgage or automobile loan, the original unpaid principal balance is the amount borrowed, and therefore the amount the borrower owes the lender on the origination date of the loan.

7. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   A mortgage is a long-term loan from a financial institution that helps you purchase a home, with the home itself serving as collateral. ... These details are outlined in the note. What is mortgage ...